Search results for Project Crypto
Crypto
Bernstein warns further crypto selloff if Clarity Act fails in U.S. Senate
Bernstein said bitcoin and major cryptocurrency valuations could fall further if the U.S. Senate fails to pass the Clarity Act before a summer recess. It warned of an immediate negative market reaction, while also saying the market could form a bottom and regain momentum in late third quarter and early fourth quarter. It added that if legislation stalls, the SEC and CFTC could move faster on guidance under “Project Crypto.”
Crypto
U.S. SEC, CFTC start \'Project Crypto\' as possible alternative to Clarity Act
The U.S. Securities and Exchange Commission is reviewing a new draft rule on crypto offerings and sales, drawing attention as a potential administrative alternative if the Senate-stalled Clarity Act fails to advance. Investor David Naeiji said the SEC and the Commodity Futures Trading Commission are already pushing parts of market structure through joint rulemaking under Project Crypto. The agenda lists a proposal stage, but no formal draft had been released as of July 29.
Crypto
U.S. senator says CLARITY bill will make everyone a bit uncomfortable, compromise unavoidable
A U.S. senator warns the CLARITY bill to overhaul digital asset regulation will make both banks and the crypto industry uncomfortable, as reducing uncertainty requires balancing competing interests. Banks are concerned about fund outflows into stablecoins and digital assets, with some estimates projecting $500 billion could leave banks by 2028. The SEC and CFTC have also announced a cooperation framework under Project Crypto covering asset classification, alternative compliance models and data regulation reform.
